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Digital Banking in Africa: Origins and Development Outlook
- January 16, 2020
- Posted by: Alaae Sbai
- Category: Africa, Banking, Blog Category, Central Africa, East Africa, Economics, Finance & Accounting, Financial Services, North Africa, West Africa
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Today, thanks to digital technology, Africa is the second largest banking market in the world in terms of growth and profitability according to a study conducted by the international consulting firm McKinsey and published in February 2018. While in most parts of the world, the banking sector is facing poor performance and sluggish growth, the
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The Upsurge of Blockchain Market in Africa
- June 21, 2019
- Posted by: marketing
- Category: Africa, Blog Category, Central Africa, East Africa, Economics, North Africa, Technology & Telecommunication, West Africa
It is obvious that Africa needs technological innovations to jump a generation and catch up with other countries. The continent can indeed turn the lack of infrastructure from a disadvantage into an asset. It offers a blank playground to test and validate new concepts such as mobile payment, which has quickly gained ground, as it
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GCC Retail Sector : A shift toward Artificial Intelligence
- April 22, 2019
- Posted by: marketing
- Category: Africa, Blog Category, Economics, Technology & Telecommunication
With a growing understanding of the impact Artificial Intelligence (AI) is likely to have on customer relations and sales, retailers across the world are exponentially investing in AI with an estimated global annual spending reaching around 7,3 billion dollars by 2022. Artificial intelligence has become a future strategic imperative for retailers. Through enabling process automation,
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Investments in Agribusiness in Africa
- October 30, 2017
- Posted by: Mona Abisourour
- Category: Africa, Agriculture, Blog Category, Sustainable Development, Technology & Telecommunication
Can Africa feed the world? Africa’s agriculture sector has been growing at a steady pace and might turn the continent into an economic power. Africa might be able to feed itself and the world if it keeps putting a focus on enhancing efficiency in using its resources. The focus on agriculture emerged from the willingness -
The Rise of Artificial Intelligence in Africa
- September 16, 2017
- Posted by: Mona Abisourour
- Category: Africa, Blog Category, Technology & Telecommunication
Artificial Intelligence (AI) was first coined in 1956 by the scientist John McCarthy at Dartmouth College. [1] Nearly 60 years later, it is now enjoying a major resurgence thanks to the exponential increases in computing power, the development of more sophisticated algorithms and the vast availability of data. [2] The convergence of these technological developments
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Mobile Banking and Why it’s Growing in Africa
- April 11, 2017
- Posted by: admin
- Category: Africa, Blog Category, East Africa, Financial Services, Technology & Telecommunication
Mobile Banking and Why It’s Growing in Africa Mobile banking allows its users to conduct financial transactions through mobile devices such as mobile phones and tablets. It is a service offered by banks and other financial institutions that allow users to obtain account balances, pay bills and transfer funds on their mobiles. However, mobile banking
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Meet Kenya, the African Entrepreneur
- March 17, 2017
- Posted by: admin
- Category: Africa, Blog Category, East Africa, Southern Africa
Kenya has been witnessing major growth in entrepreneurship and innovation, led by a rising interest towards new technologies and mobile connectivity. Today, Kenya is leading the way in terms of digital technology development in Africa. The country has been experiencing a boom in internet and mobile savviness with a 90% mobile penetration as of 2016,
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The Development of Morocco’s IT Sector
- February 27, 2017
- Posted by: admin
- Category: Africa, Blog Category, North Africa, Technology & Telecommunication
The Development of Morocco’s IT Sector Morocco aims to position itself as a strategic hub in the Middle East and North Africa by becoming one of the top performing countries in the region in terms of Datacom infrastructure and IT business environment. The investment reform plan presented in July 2016 by Moulay Hafid Elalamy, Minister -
Rwanda’s Shift to a Knowledge Based Economy
- November 25, 2016
- Posted by: admin
- Category: Blog Category, East Africa, Technology & Telecommunication
Rwanda is repeatedly associated with the 1994 genocide, in which a million people were killed. Today, the small East African country is unified, breaking old stereotypes to move towards political, social and economic progress. In fact, the government has launched in 2000 a long-term development strategy “Rwanda 2020”. The goal of this program is to